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Business, 11.02.2020 03:29 cravens511peeelg

Suppose you have just landed a job near the center of a city and you now need to decide where to live. If you live close to the city center, your round-trip commute will be 15 minutes. If you live in the distant suburbs, your round-trip commute will be 60 minutes. There are lots of workers like you who work downtown. Since there are only a limited number of apartments near the city center, these apartments will be allocated based on

both the costs and benefits only the benefits only the costs that you face. This process is known as
▼ "more bang for your buck" differentiation optimization .

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